In a dramatic turn of events, XRP has surged past significant resistance levels, buoyed by an explosive trading volume and a favorable legal resolution. As of today, August 8, 2025, the cryptocurrency has climbed to $3.30, showcasing an 11% gain within a 24-hour window, with institutional investors driving the momentum. The rally is not only a technical phenomenon but also a fundamental shift in XRP’s narrative, as the long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) concludes.
Legal Clouds Part As XRP Shines
Ripple Labs and the SEC have jointly buried the hatchet, officially ending their appeals in a saga that has spanned several years. The Second Circuit Appeals Court acknowledged the dismissal, finalizing a case that has long cast a shadow over XRP’s potential. Stuart Alderoty, Ripple’s chief legal officer, expressed relief on social media platform X, emphasizing the significance of this resolution for the token’s future. The removal of this regulatory hurdle could potentially open the floodgates for greater institutional participation in U.S. markets, a sentiment echoed by many industry analysts.
“The settlement marks a pivotal moment for XRP, clearing a path for more traditional finance players to step into the fray,” suggests crypto analyst Olivia Grant. “With the SEC issue resolved, XRP is now in a position to capitalize on burgeoning demand.”
Technical Triumphs and New Horizons
The digital asset’s recent price action has been nothing short of electrifying. Within the span of a few hours, XRP soared from $2.99 to $3.30, with trading volumes peaking at over 300 million tokens. This surge was driven largely by institutional buyers, as evidenced by the heavy accumulation above $3.10 and continued support in the $3.30-$3.33 range.
Market analysts are now eyeing the formation of a bullish flag pattern, which suggests potential breakout targets stretching from $8 to $15 over the long term. “The technical indicators are aligning beautifully,” says market strategist Leo Kim. “We’re seeing a textbook bull flag, and if the momentum holds, XRP could be poised for significant upside.” This optimism is further supported by XRP’s leadership in market gains, where it has outpaced other cryptocurrencies in recent rallies.
Adding fuel to the fire, Japan’s SBI Holdings has filed to launch a Bitcoin-XRP ETF, injecting additional optimism into the market. Should this filing be approved, it could further catalyze XRP’s trajectory, especially if spot Bitcoin ETF inflows maintain their current velocity. For more on this development, see our coverage of SBI’s ETF filing.
Eyes on Institutional Moves and Market Reactions
With the legal quagmire behind it, XRP is now firmly in the sights of institutional investors. Traders are closely monitoring potential follow-through buying from these heavyweight players, particularly now that litigation risks have dissipated. The current focus is on whether XRP can break through the newly formed resistance at $3.33 and aim for the near-term target of $3.65.
Moreover, the timeline for ETF approvals in Japan and prospective filings in other global markets are critical factors that traders are watching keenly. The outcome of these developments could significantly influence XRP’s price dynamics in the coming months.
As the dust settles from this legal victory, retail investors are also re-engaging with the token, drawn by the renewed momentum and positive headlines. Yet, despite the bullish sentiment, some skepticism remains. The question on everyone’s mind: Can XRP sustain this rally, or will it face new hurdles as it navigates this uncharted territory?
In the end, as XRP embarks on this promising phase, the cryptocurrency world watches with bated breath, eager to see whether this is the dawn of a new era for Ripple and its flagship token.
Source
This article is based on: XRP Bull Flag Points to $8 as Ripple-SEC Case Reaches End
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
